Needham Reiterates Buy On Roblox With $159 Price Target After Developer Conference

Core Viewpoint - Needham reiterated a Buy rating and set a price target of $159 for Roblox Corp. following significant announcements at the company's developer conference [1] Group 1: Key Takeaways - Launch of "Moments," a new search and discovery feature that management believes could be transformational [2] - Plans to enable off-site advertising for experiences, representing a major new monetization opportunity [2] - Rising developer expenses have already been incorporated into guidance [2] - Continued platform enhancements are expected to support growth [2] Group 2: Potential Impact - New initiatives are anticipated to drive higher engagement, stronger in-app purchases, and broader advertising opportunities, reinforcing Roblox's growth trajectory [3]